Last week, Berkshire Hathaway’s stock price hit a new milestone, reaching a record high of $555,800 per share. Led by billionaire and legendary investor Warren Buffet, the holding company reported an operating profit of $10 billion for the second quarter of 2023, an all-time high. While a higher share price might make a stock seem more valuable to investors, it’s important to note that a high stock price does not necessarily equal a company’s total market value. Market value is determined by market capitalization, which is the number of shares outstanding multiplied by the share price.
With that in mind, let’s take a look at the 10 most expensive stocks by share price as of August 16, 2023. Topping the list is Berkshire Hathaway, with shares priced at $537,497 and a market capitalization of $773.6 billion. This Omaha-based conglomerate, run by Warren Buffet, is a holding company for multiple businesses and has a large investment portfolio. Following closely behind are NVR, Inc. at $6,148 per share, Seaboard Corporation at $3,552 per share, Booking Holdings Inc. at $3,195 per share, and AutoZone, Inc. at $2,490 per share. These companies operate in various industries, from homebuilding and travel to agriculture and automotive retail.
Berkshire Hathaway (BRK.A)
Berkshire Hathaway, led by Warren Buffet, is a holding conglomerate for multiple businesses. The company reported an operating profit of $10 billion for the second quarter of 2023, reaching an all-time high. With a stock price of $537,497, Berkshire Hathaway remains the most expensive stock by share price. The company’s market capitalization is $773.6 billion. Berkshire Hathaway has a large investment portfolio and owns stocks in major companies such as Apple, Bank of America, and United Parcel Service. While the Class A shares are priced at nearly half a million dollars per share, there is a more affordable share class, BRK.B, with a share price of $354.11.
NVR, Inc. (NVR)
NVR, Inc. is a homebuilding and mortgage banking company based in Virginia. The company sells single-family homes, townhomes, and condominium buildings across 15 states and 34 cities in the U.S. With a stock price of $6,148, NVR, Inc. is the second most expensive stock by share price. The company has a market capitalization of $20.0 billion.
Seaboard Corporation (SEB)
Seaboard Corporation is a milling and agricultural commodities company with operations in different parts of the world. The company has segments in products such as pork, sugar, alcohol, turkey, cargo shipping services, and more. With a stock price of $3,552, Seaboard Corporation is the third most expensive stock by share price. The company’s market capitalization is $4.1 billion.
Booking Holdings Inc. (BKNG)
Booking Holdings is an online travel giant serving consumers in over 220 countries. The company’s brands include Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK, and OpenTable. With a stock price of $3,195, Booking Holdings is the fourth most expensive stock by share price. The company has a market capitalization of $118.0 billion. In 2022, Booking Holdings’ gross travel bookings brought in $121.3 billion.
AutoZone, Inc. (AZO)
AutoZone is a car parts and accessories retailer and distributor. The company has more than 6,100 stores across the U.S., 706 stores in Mexico, and 76 stores in Brazil. With a stock price of $2,490, AutoZone is the fifth most expensive stock by share price. The company’s market capitalization is $45.2 billion.
These are the top five most expensive stocks by share price as of August 16, 2023. It’s important to note that a high stock price does not necessarily equal a company’s total market value. Market value is determined by market capitalization, which takes into account the number of shares outstanding multiplied by the share price.
